43Quarterly financial report

43 Quarterly financial report

Provision of quarterly financial report (1) An approved provider must, for each quarter of a financial year for the approved provider, give the Secretary a report (a quarterly financial report) for the approved provider for the quarter in accordance with this section.

Note: For a quarter of a financial year for an approved provider, see subsection (7).

(2) A quarterly financial report for a quarter of a financial year for an approved provider must be given to the Secretary: (a) for a quarter ending at the end of 31 December—within 45 days after the end of the quarter; and (b) for any other quarter—within 35 days after the end of the quarter. (3) A quarterly financial report for an approved provider must: (a) be in writing; and (b) be in a form approved, in writing, by the Secretary in relation to the approved provider or a class of approved providers to which the approved provider belongs; and (c) include any information or statements required by that approved form to be included in the report. (4) To avoid doubt, the Secretary may, for the purposes of paragraph (3)(b), approve different forms in relation to different approved providers or classes of approved providers. Who must sign the quarterly financial report? (5) If an approved provider is not a State, a Territory, an authority of a State or Territory or a local government authority, a quarterly financial report for the approved provider must be signed by: (a) if the approved provider is a body corporate that is incorporated, or taken to be incorporated, under the Corporations Act 2001—a director of the body corporate for the purposes of that Act; or (b) otherwise—a member of the approved provider’s governing body. (6) If an approved provider is a State, a Territory, an authority of a State or Territory or a local government authority, a quarterly financial report for the approved provider must be signed by one of the approved provider’s key personnel who is authorised by the approved provider to sign the report. Quarter of financial year for an approved provider (7) Each of the following is a quarter of a financial year for an approved provider: (a) the period of 3 months beginning on the first day of the financial year for the approved provider; (b) each successive period of 3 months that occurs during the financial year for the approved provider after the end of the period mentioned in paragraph (a).

Note: Under paragraph 32(1)(b), a financial year for an approved provider may begin on a day other than 1 July.